Made in Germany speaks with Stefan Kooths, director of the forecasting center at the Kiel Institute for the World Economy about economic conditions and consumer behavior in Germany.
Scheduled air services carried "a new record" of 4.1 billion passengers in 2017, an increase of 7.1 percent over the previous year, the International Civil Aviation Organization (ICAO) said, citing preliminary data.
German consumers have been found to be spending a lot more than before as their willingness to buy goods and services has increased due to a number of factors. Ultra-low interest rates keep them from saving.
The International Energy Agency (IEA) says overcapacity means another year of cheap oil. But it warns low oil prices are leading to underinvestment in developing new capacity, which may cause a spike in prices by 2021.
India is now an economic shining light among the five BRICS member states. For this reason, New Delhi should not leave the big stage entirely to summit host China, says DW's Alexander Freund.
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